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10602 Blue Water Hwy 2 Unit Apartment Building $2,722,340 CAD ($1,361,170 CAD/Unit) Freeport, TX 77541

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Investment Highlights

TWO income producing New Construction Beach Front Homes
Modern Designed Homes with accommodations of up to 35 People and Can Develop to Accommodate 70
Value Add opportunity by adding Two units and growing Short, Mid or Long Term Rentals

Approved Plans and Permits to Add TWO Additional NEW Homes to the Site
Full Beachfront access and location for added desirability
Fully Furnished and Turn Key Ready

Executive Summary

This 2-acre beachfront property offers TWO newly built fully furnished homes: a 5-bedroom, 4-bath home at 10614 Blue Water and a 4-bedroom, 4-bath home at 10602 Blue Water. Sale of this property includes the approved permits to add TWO additional homes to the site that would total income generating FOUR Homes. The Two finished properties are turnkey ready, fully furnished and currently equipped for high-demand short-term rentals, accommodating a combined total of 35 guests. This property offers strong residential and commercial potential. Its current configuration is ideal for vacation rentals, corporate retreats, family reunions, and event stays. A rare opportunity for investors, developers, or buyers seeking multiple neighboring beachfront homes with significant income potential and future commercial flexibility.

Property Facts

Price	$2,722,340 CAD	Building Class	C
Price Per Unit	$1,361,170 CAD	Lot Size	2.45 AC
Sale Type	Investment	Building Size	14,027 SF
No. Units	2	No. Stories	3
Property Type	Multifamily	Year Built	2022
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise

Price	$2,722,340 CAD
Price Per Unit	$1,361,170 CAD
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	2.45 AC
Building Size	14,027 SF
No. Stories	3
Year Built	2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.